currency Archives - Page 27 of 28 - IslamQA

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my friend has had some money in his possession for quite along time and I think Zakat was due from him. Now he has realised what a great mistake and sin he has committed. So he wants to give the compensation for it. He used to receive a yearly bank statement (from september to august) each year.

Answered by Askimam.org

Q3) my friend has had some money in his possession for quite along time and I think Zakat was due from him. Now he has realised what a great mistake and sin he has committed. So he wants to give the compensation for it. He used to receive a yearly bank statement (from september to august) each… read more »

My question is about how to calculate the zakat for earning and savings in the bank?how much money should i have had received before i am entitled to pay zakat for both

Answered by Askimam.org

My question is about how to calculate the zakat for earning and savings in the bank?how much money should i have had received before i am entitled to pay zakat for both of the mentioned thing..Thanx for answering my previous question.May Allah increase His blessings and mercy on the ulemas who are relentleslly propagating and… read more »

I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was Rs 79 for 1pound(which is Rs 5372). They charged me in indian rupees….

Answered by Askimam.org

I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was Rs 79 for 1pound(which is Rs 5372). They charged me in indian rupees. I am paying them the full amount before they charge me… read more »

im currently studying overseas and i come to south africa for holidays. one of my teachers asked me to buy something for him. he did not have enough money with the business concerned so he asked us to pay the remainder and he will pay me when i come back. how should he pay me?

Answered by Askimam.org

im currently studying overseas and i come to south africa for holidays. one of my teachers asked me to buy something for him. he did not have enough money with the business concerned so he asked us to pay the remainder and he will pay me when i come back. how should he pay me?… read more »

If the money is so big in terms of their currency, is it possible that we can re- distribute this money among various poor needy persons or others without the knowledge of the Zakath payer.

Answered by Askimam.org

The zakath, sadakka, Mian etc. collected from a person for a poor person or an institution or a mosque or madrasa or for a club for social welfare etc.  If the money is so big in terms of their currency, is it possible that we can  re- distribute this money among various poor needy persons… read more »

My question is related to Zaakat

Answered by Askimam.org

My question is related to Zaakat 1. I am taking out Zakat every starting Ramadan of whatever money (cash) I have avaliable with me.Also I am includng the zakaat applicable on jewellary with my mother & sister on their behalf. What I am doing is correct? 2. I am planning to buy a car for… read more »

The bank gives me a VISA debit card. I go online and purchase something for (lets say) 100 dollars inclusive of shipping charges from a buyer in some other country. Since the purchased item is in dollars, the money deducted from my account uses a currency exchange rate. Please tell me if such a transaction is permissible.

Answered by Askimam.org

Assalaamoalaikum. Lets say I go to a Shariah compliant bank and open an account. My account is in (Pakistan) Rupees. The bank gives me a VISA debit card. I go online and purchase something for (lets say) 100 dollars inclusive of shipping charges from a buyer in some other country. Since the purchased item is… read more »

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